
By SUNIL Sonkar
New Delhi, March 09 — Civil aviation minister Praful Patel said Air India is expected to incur losses this fiscal year of around $1.8 billion (Rs.5,400 crore). He also added that in few more coming years the trend is likely to continue.
Patel told the Rajya Sabha on Tuesday, “The trend of losses is [...]
March 9, 2010 | Posted in
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By SUNIL Sonkar
Kolkata, March 06 — Industrialist GP Birla took his last breath in Kolkata on Friday night after a brief period of illness, leaving wife Nirmala, son CK Birla and daughter Lekha Poddar. GP Birla was 87.
He was part of the illustrious Birla clan, headed GP-C.K. Birla Group. The group has business interests across [...]
March 6, 2010 | Posted in
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By STAFF Writer
New York, March 02 — IBM has cut 500 jobs across United States, confirmed Alliance IBM, a representative group of IBM employee. “We have received verification of almost 500 people losing their jobs today and we expect that number to go higher,” reported Lee Conrad, who is a national coordinator at alliance, also [...]
March 2, 2010 | Posted in
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By SUNIL Sonkar
Feb. 27 — Rupees global standing is likely to get stronger and the first and foremost thing to do is to change the face of rupee so that it can match world-class aspiration.
The NID may play an important role in the new look of the rupee. Very close the union finance ministry has [...]
February 27, 2010 | Posted in
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By SUNIL Sonkar
Bern / New Delhi, Feb. 25 — After increased international pressure on Switzerland’s banking secrecy practices, the country said it will prevent undeclared funds flow from foreign countries into its banks.
Among the many countries who seek details of their respective citizens secret accounts in Swiss Banks, India is one of them.
The Swiss Federal [...]
February 25, 2010 | Posted in
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By SUNIL Sonkar
New Delhi, Feb. 24 — Railway budget presented by Mamata Banerjee in the Parliament on Wednesday welcomed sharp criticism from the BJP, Left parties and also from the Rashtriya Janata Dal (RJD) where as the Congress hailed Banerjee for not increasing passenger fares.
Gopinath Munde, deputy leader of BJP in the Lok Sabha said [...]
February 24, 2010 | Posted in
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By NIMY Sara Joy
Hydrebad, Feb. 22 – The e-commerce giant, Amazon will be overhauled by its Hyderabad Development Center. The revamp will be to bring its already high rate of traffic again and it will be to deal with its growing services by mending its web services architecture.
Business Standard reporting that the company is doing [...]
February 22, 2010 | Posted in
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New Delhi, Feb. 21 — Price rise issue could be discussed on Tuesday in the Lok Sabha. The Opposition demanded for this. The government said on Sunday “our attitude will be accommodative”.
Pawan Kumar Bansal, Parliamentary Affairs Minister, said on Sunday, “We are always prepared for…structured discussions on any subject.”
Bansal said that a decision on the [...]
February 21, 2010 | Posted in
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By NIMY Sara Joy
Feb. 21 – The Indian sector of Capgemini won’t be as much as expected, it seems. The recession made weak to Capgemini development projects in India. The earlier plan of the company is to hire around 40,000 employees from India. But the current scenario reports Capgemini will be taking lesser number of [...]
February 21, 2010 | Posted in
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By NIMY Sara Joy
Feb. 20 – Outsource Partners international came out with a development project for its India service centers. India service centers of Outsource Partners International in the new phase of its development as they came out with a development plan in Indian service sector.
The main development will be take place in its [...]
February 20, 2010 | Posted in
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By NIMY Sara Joy
Hydrebad, Feb. 16 – The Rajiv Gandhi International Airport (RGIA) will be in the list of world number one quality airport service providers. Airport Council International rated RGIA as the world’s number one airport by supplying the quality services.
“RGIA has been ranked number one in the category of airport handling 5 to [...]
February 16, 2010 | Posted in
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By NIMY Sara Joy
Feb. 16 – Vodafone tells the third-world countries to ‘stay connected’ to improve the quality of life. And Vodafone is coming out with an entirely different concept in its new mobile. While others are spotlighting the experiments in software and hardware to be more high-tech and glossy, here Vodafone goes for to [...]
February 16, 2010 | Posted in
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By SHUBHAJIT Chakraborty
Jamshedpur, Feb. 15 – In its new initiative Tata Steel is planning to set a new construction company keeping Corus in mind. In an interview Tata Steel MD H.M Nerukar said that Corus had the technology and acumen to manufacture steel and they were planning to start a company in India with Corus [...]
February 16, 2010 | Posted in
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By SUNIL Sonkar
New Delhi, Feb. 14 — Finance Minister Pranab Mukherjee and Oil Minister Murli Deora on Sunday discussed on fuel prices hike amidst of facing opposition from some key allies in the UPA Government. However, it appeared that both of them failed to reach to any consensus and it may not lead to any [...]
February 14, 2010 | Posted in
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By SUNIL Sonkar
Mumbai, Feb. 12 — Home and auto loan customers will not be facilitated any further with the concessional or limited period loan regime. Public sector banks such as State Bank, Bank of India (BoI) and Punjab National Bank have decided to end the popular loan rates called teaser rates.
The teaser rates were offered [...]
February 12, 2010 | Posted in
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By SUNIL Sonkar
New Delhi, Feb. 12 — Maruti Suzuki India is planning to end up the production of its lowest-priced Maruti 800 model from April onwards said chairman R C Bhargava on Friday as the company has no plans to upgrade it to meet Euro IV emissions standards.
Once bread-and-butter model of Maruti Suzuki India would [...]
February 12, 2010 | Posted in
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By NIMY Sara Joy
New Delhi, Feb. 11 – Consumers of PayPal in India are messed up with the unexpected inconvenience of money transferring. Reserve Bank of India, India’s top bank regulator suspended some PayPal services in the country. US based PayPal is an e-Bay owned company and it allows sending and receiving money and making [...]
February 11, 2010 | Posted in
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By SUNIL Sonkar
New Delhi, Feb. 11 — Fuel prices rose in late January and food prices for a third straight week in the country. It has threaten of pushing headline inflation into double-digits and also increasing the pressure on the RBI to tighten the monetary policy.
According to bank data, the fuel and food costs jumped [...]
February 11, 2010 | Posted in
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By SUNIL Sonkar
New Delhi, Feb. 10 — Congress hinted on Wednesday of a possible hike in petroleum products prices, but with words that the price hike should be done in unavoidable situation only and also in a manner which will have “minimum” impact on the final consumers.
Abshishek Singhvi, spokesperson of Congress, told to the reporters, [...]
February 10, 2010 | Posted in
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By SUNIL Sonkar
New Delhi, Feb. 09 — Government says no to the commercial cultivation of Bt brinjal, which is a genetically-modified version of brinjal and it is said to be more resistant to pests.
The government announced cautious approach in its cultivation. Jairam Ramesh, Environment and Forests minister, said that among the scientists and stake-holders there [...]
February 9, 2010 | Posted in
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